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Low-Alcohol Beverages Market Is Anticipated To Reach A Value Of US$ 1.2 Billion By 2033: Fact.MR Report

04-17-2024 10:03 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Low-Alcohol Beverages Market Is Anticipated To Reach A Value

In 2023, the global market for low-alcohol beverages is projected to achieve a valuation of US$ 800 million. Moreover, by the end of 2033, the global sales of beverages featuring low alcohol content are anticipated to soar to US$ 1.2 billion. This growth trajectory is expected to be sustained, with a compound annual growth rate (CAGR) of 4.5% forecasted through to 2033.

The Low-alcohol Beverages Industry sales study offers a comprehensive analysis on diverse features including production capacities, Low-alcohol Beverages demand, product developments, sales revenue generation and Low-alcohol Beverages market outlook across the globe.

market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Low-alcohol Beverages market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

The readability score of the Low-alcohol Beverages market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Low-alcohol Beverages market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Low-alcohol Beverages along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Extended Low-alcohol Beverages market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐“๐ซ๐ž๐ง๐๐ฌ:
The market for low-alcohol beverages has grown significantly in recent years due to customer tastes that are evolving in favor of moderation in alcohol intake and healthy lifestyle choices. Those in younger demographics who are more aware of their health and wellbeing will notice this trend the most. This has led to an increase in demand for lower-alcohol beverages in a number of categories, such as beer, wine, and spirits.

Growing public awareness of the negative effects of excessive alcohol intake is one of the main factors propelling the growth of the low-alcohol beverage industry. Alternatives that let consumers enjoy social gatherings without sacrificing their health objectives are actively being sought after by health-conscious consumers. For people wishing to minimize their alcohol intake, low-alcohol beverages offer a compromise, delivering the flavor and experience of regular alcoholic drinks with a lower alcohol concentration.

The growing emphasis on responsible drinking initiatives by governments, health groups, and alcohol manufacturers is another element driving this market's expansion. These programs seek to promote the use of lower-alcohol alternatives as part of a balanced lifestyle and to teach consumers the value of moderation. Consequently, low-alcohol beverages have been more widely accepted and normalized in the mainstream market.

Beverage businesses have been fast to adapt and increase their offerings in the low-alcohol market in response to changing consumer tastes. As a result, a variety of goods have been created, such as ready-to-drink cocktails, low-alcohol wines, beers, and spirits. These goods suit a wide range of preferences and events with their unique flavors and styles, which contributes to the market's expansion.

Furthermore, the low-alcohol trend is in line with larger cultural movements that favor sustainable development and thoughtful consumption. Many consumers are worried about how their decisions will affect the environment in addition to their own health. Compared to their full-strength counterparts, low-alcohol beverages usually take less resources to produce and emit fewer carbon emissions, making them a more sustainable choice for consumers who care about the environment.

In the future, it is anticipated that the market for low-alcohol beverages would rise due to persistent trends in health and wellness, rising consumer awareness, and ongoing innovation by key companies in the sector. The need for low-alcohol substitutes is anticipated to be significant going forward, influencing the direction of the beverage sector as more individuals place a higher priority on moderation and balance in their lives.

๐Š๐ž๐ฒ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐
โ€ข A. Le Coq
โ€ข New Belgium Brewing Company
โ€ข Bacardi Ltd.
โ€ข Constellation Brands, Inc.
โ€ข Jack's Hard Cider
โ€ข Red Truck Beer Company
โ€ข Vitis Industries
โ€ข Sierra Nevada Brewing Co.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

Industry players are incorporating different strategies to gain a competitive edge in the market.
For instance :
โ€ข In May 2022, Budweiser brewer AB InBev started to take efforts to fulfill its goal to manufacture 20% of its total volume of beer with low alcohol and no alcohol. The company is planning to achieve its goal by 2028-end. In an interview in Davos at the World Economic Forum, the company confirmed that it can reach slightly over 6% of its complete goal.
Through this initiative, the company is supporting the WHO, which is targeting to reduce the consumption of harmful beverages - alcoholic drinks. The excessive consumption of alcoholic beverages is responsible for chronic diseases, car accidents, and congenital disabilities.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐‹๐จ๐ฐ-๐š๐ฅ๐œ๐จ๐ก๐จ๐ฅ ๐๐ž๐ฏ๐ž๐ซ๐š๐ ๐ž๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

โ€ข By Type :
o Beer
o Wine
o Cider
o Spirits

โ€ข By Distribution Channel :
o Supermarkets & Hypermarkets
o Convenience Stores
o Specialty Stores
o Online Retail

โ€ข By Region :
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

Get Customization on this Report for Specific Research Solutions:

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๐€๐›๐จ๐ฎ๐ญ ๐…๐š๐œ๐ญ.๐Œ๐‘
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